FTX Trial Poised to Damage Crypto's Reputation with Embarrassing Details
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The FTX trial could reveal embarrassing details and evidence that further damage crypto's reputation. Bankman-Fried's defense may try to implicate the broader industry.
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Prosecutors must prove Bankman-Fried's intent through messages, tweets, interviews showing he lied about FTX activities.
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Investors like Sequoia Capital may testify about what Bankman-Fried told them, establishing intent. Binance's role as an early investor may also come up.
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Bankman-Fried is unpredictable - he may try to shift blame to lawyers, Binance, or argue "everyone was doing this."
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Leaked messages between crypto founders and details of Bankman-Fried's personal life may prove embarrassing for the industry.
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